DEVAN
ActiveSummary
The computed 12-month bankruptcy probability of DEVAN is 8.1% (elevated). For DEVAN, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €72,590 and a net result of -€2,960. Equity is growing by about 30% per year across the filed financial years. Its solvency ranks better than 38% of 609 sector peers (NACE 55, financial year 2022). The company has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Hotels and similar accommodation
NACE 55100
1 site
Size
€535,793total assets 2022
- Equity
- €72,590
- Loss
- -€2,960
Turnover not published (abbreviated format)
Financial health
- Bankruptcy probabilitywithin 12 months
- 8.1%
2022 figures too old to score
Structure
Accounts 806 days overdue1 of 4 deeds read
Signalsraises riskFigures for financial year 2022 (filed 21-09-2023)3 financial years not filed after the legal deadline; latest accounts 49 days late; 3 of the last 3 lateNo filing in 24 months (latest 21-09-2023)Loss of €2,960 (financial year 2022)Two or more financial years not filedneutralFiled after the deadlineShow the evidence
Bankruptcy probability
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Financial strength, FY 2022 · tick = 2021
Weak
Solvency
39=
equity 13.5% of total assets
Liquidity
36-7
short-term debt 36.3% · cash 2.2%
Profitability
41-33
return on assets -0.6%
Bankruptcy probability, 12 months
8.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.3%lowest value
12-2024: 2.9%▲ +0.6 percentage points vs 11-2024
01-2025: 5.9%▲ +3.0 percentage points vs 12-2024
02-2025: 6.0%▲ +0.1 percentage points vs 01-2025
03-2025: 6.3%▲ +0.3 percentage points vs 02-2025
04-2025: 5.8%▼ -0.5 percentage points vs 03-2025
05-2025: 5.8%● unchanged vs 04-2025
06-2025: 5.8%● unchanged vs 05-2025
07-2025: 5.8%● unchanged vs 06-2025
08-2025: 7.5%▲ +1.7 percentage points vs 07-2025
09-2025: 7.5%● unchanged vs 08-2025
10-2025: 8.6%▲ +1.1 percentage points vs 09-2025highest value
11-2025: 8.6%● unchanged vs 10-2025highest value
12-2025: 8.6%● unchanged vs 11-2025highest value
01-2026: 8.6%● unchanged vs 12-2025highest value
02-2026: 8.6%● unchanged vs 01-2026highest value
03-2026: 8.6%● unchanged vs 02-2026highest value
04-2026: 8.6%● unchanged vs 03-2026highest value
05-2026: 8.6%● unchanged vs 04-2026highest value
06-2026: 8.6%● unchanged vs 05-2026highest value
07-2026: 8.6%● unchanged vs 06-2026highest value
08-2026: 8.1%▼ -0.5 percentage points vs 07-2026
09-2026: 8.1%● unchanged vs 08-2026
10-2026: 8.1%● unchanged vs 09-2026
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Signals
Six signals.
raises riskneutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 year end31-07-2024 deadline15-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 18-09-2023, 49 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
49 days late
2021
37 days late
2020
104 days late
2019
145 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 84 days after the deadline; the sector median (NACE 55) for financial year 2024 is 1 day before the deadline, and 45% of those companies filed late.
Searched, nothing found (1)
- Appointment: Cliff VANHOOREN (director)Capital conversion · Registered office…
- Annual accounts filedfinancial year 2022 · abbreviated…
- Weakest financial yearnet -€2,960
Financials · financial year 2022, abbreviated format
2023 annual accounts not yet filed, deadline passed on 31 July 2024 Financial year closed on 31 December 2023; filing due at the latest 7 months after the close (Companies Code art. 3:10). 3 financial years without a filing since the last one filed. Source: NBB filings, as of 15 October 2026.
Equity
€72,590▼ 3.9%
2021 · €75,549
Total assets
€535,793▼ 3.5%
2021 · €555,102
Net result
-€2,960
2021 · €33,382
Working capital
-€176,956▼ 16.5%
2021 · -€151,845
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result falls in 2022; 2022 is 75% below 2021 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€9,909
2022
Net result-€2,960
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€535,793
2022
Equity€72,590
2022
Debt€463,203
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€176,956
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-0.6%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency13.5%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.09
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 55, Accommodation: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€15,395-€44,443▲ 189%€29,228▼ 34.2%€40,386▲ 38.2%€9,909▼ 75.5%
Net result€1,412-€31,078▲ 2,101%€16,903within the sector's middle half▼ 45.6%€33,382within the sector's middle half▲ 97.5%-€2,960within the sector's middle half
Equity€26,395-€40,292▲ 52.7%€42,168within the sector's middle half▲ 4.7%€75,549within the sector's middle half▲ 79.2%€72,590within the sector's middle half▼ 3.9%
Total assets€563,173-€559,173▼ 0.7%€535,051within the sector's middle half▼ 4.3%€555,102within the sector's middle half▲ 3.7%€535,793below the sector's middle half▼ 3.5%
Debt€536,778-€518,881▼ 3.3%€492,883▼ 5.0%€479,553▼ 2.7%€463,203▼ 3.4%
Working capital-€177,339--€187,076▼ 5.5%-€174,362within the sector's middle half▲ 6.8%-€151,845within the sector's middle half▲ 12.9%-€176,956within the sector's middle half▼ 16.5%
Solvency4.7%-7.2%▲ 2.5pp7.9%within the sector's middle half▲ 0.7pp13.6%within the sector's middle half▲ 5.7pp13.5%within the sector's middle half▼ 0.1pp
Current ratio0.05-0.04▼ 0.010.04below the sector's middle half=0.22below the sector's middle half▲ 0.180.09below the sector's middle half▼ 0.13
Return on assets (ROA)0.3%-5.6%▲ 5.3pp3.2%within the sector's middle half▼ 2.4pp6.0%within the sector's middle half▲ 2.9pp-0.6%within the sector's middle half▼ 6.6pp
above
within
below
the middle half of NACE 55, Accommodation: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €535,793
Fixed assets
€518,198 ▲ 1.1%
Current assets
€17,595 ▼ 58.9%
Equity and liabilities €535,793
Equity
€72,590 ▼ 3.9%
Debt
€463,203 ▼ 3.4%
Debt's share of the balance-sheet total rises from 86.4% to 86.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€37,207▼
2021 · €64,728
Cash flow
€24,338▼
2021 · €57,724
Quick ratio
0.08▼
2021 · 0.20
Debt to equity
6.38▲
2021 · 6.35
ROE
-4.1%▼
2021 · 44.2%
Interest coverage
2.77▼
2021 · 5.69
Debt ≤ 1 year
€194,551=
2021 · €194,625
Debt > 1 year
€268,653▼
2021 · €284,928
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,612 | €4,593 | €24,129 | €24,342 | €27,298 | ▲ 12.1% |
| Other operating charges640/8 | - | - | - | €6,170 | €7,317 | ▲ 18.6% |
| Gross operating margin9900 | €44,046 | €53,553 | €57,392 | €70,898 | €44,524 | ▼ 37.2% |
| Operating profit (loss)9901 | €15,395 | €44,443 | €29,228 | €40,386 | €9,909 | ▼ 75.5% |
| Financial income75/76B | - | - | - | €8,968 | €575 | ▼ 93.6% |
| Recurring financial income75 | €5 | €25 | €7 | €0 | €575 | ▲ 479,383% |
| Non-recurring financial income76B | - | - | - | €8,968 | - | - |
| Financial charges65/66B | - | - | - | €11,371 | €13,444 | ▲ 18.2% |
| Recurring financial charges65 | €13,991 | €13,391 | €12,332 | €11,371 | €13,444 | ▲ 18.2% |
| Profit (loss) for the period before taxes9903 | €1,409 | €31,078 | €16,903 | €37,983 | -€2,960 | - |
| Income taxes67/77 | -€2 | - | - | €4,601 | - | - |
| Profit (loss) for the period9904 | €1,412 | €31,078 | €16,903 | €33,382 | -€2,960 | - |
| Profit (loss) for the period to be appropriated9905 | €1,412 | €31,078 | €16,903 | €33,382 | -€2,960 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €563,173 | €559,173 | €535,051 | €555,102 | €535,793 | ▼ 3.5% |
| Fixed assets21/28 | €554,065 | €551,117 | €526,988 | €512,323 | €518,198 | ▲ 1.1% |
| Tangible fixed assets22/27 | €554,065 | €551,117 | €526,988 | €512,323 | €518,198 | ▲ 1.1% |
| Land and buildings22 | - | - | - | €507,544 | €514,588 | ▲ 1.4% |
| Plant, machinery and equipment23 | - | - | - | €4,779 | €3,214 | ▼ 32.7% |
| Furniture and vehicles24 | - | - | - | €0 | €396 | ▲ 991,125% |
| Current assets29/58 | €9,108 | €8,056 | €8,063 | €42,779 | €17,595 | ▼ 58.9% |
| Stocks and contracts in progress3 | €4,782 | €5,403 | €3,758 | €2,918 | €2,671 | ▼ 8.5% |
| Stocks30/36 | - | - | - | €2,918 | €2,671 | ▼ 8.5% |
| Amounts receivable within one year40/41 | €1,417 | €1,640 | €1,662 | €1,361 | €3,046 | ▲ 124% |
| Trade receivables40 | - | - | - | - | €1,405 | - |
| Other amounts receivable41 | - | - | - | €1,361 | €1,641 | ▲ 20.6% |
| Cash at bank and in hand54/58 | €2,909 | €1,012 | €2,643 | €38,501 | €11,878 | ▼ 69.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €563,173 | €559,173 | €535,051 | €555,102 | €535,793 | ▼ 3.5% |
| Equity10/15 | €26,395 | €40,292 | €42,168 | €75,549 | €72,590 | ▼ 3.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - |
| Contributions outside capital11 | - | - | - | - | €18,600 | - |
| Share premium1100/10 | - | - | - | - | €18,600 | - |
| Reserves13 | - | €6,665 | €23,568 | €56,949 | €53,990 | ▼ 5.2% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €55,089 | €52,130 | ▼ 5.4% |
| Profit (loss) carried forward14 | -€24,413 | -€25,825 | -€24,413 | - | - | - |
| Amounts payable17/49 | €536,778 | €518,881 | €492,883 | €479,553 | €463,203 | ▼ 3.4% |
| Amounts payable after more than one year17 | €350,332 | €323,750 | €310,458 | €284,928 | €268,653 | ▼ 5.7% |
| Financial debts170/4 | - | - | - | €284,928 | €268,653 | ▼ 5.7% |
| Amounts payable within one year42/48 | €186,446 | €195,131 | €182,425 | €194,625 | €194,551 | = |
| Current portion of amounts payable after more than one year42 | - | - | - | €26,250 | €31,250 | ▲ 19.0% |
| Trade debts44 | €10,677 | €6,373 | €1,081 | €10,673 | €5,871 | ▼ 45.0% |
| Suppliers440/4 | - | - | - | €10,673 | €5,871 | ▼ 45.0% |
| Taxes, remuneration and social security45 | - | - | - | €4,455 | €6,187 | ▲ 38.9% |
| Taxes450/3 | - | - | - | €4,455 | €6,187 | ▲ 38.9% |
| Other amounts payable47/48 | - | - | - | €153,247 | €151,243 | ▼ 1.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,412 | €31,078 | €16,903 | €33,382 | -€2,960 | - |
| + Depreciation and write-downs630 | €25,612 | €4,593 | €24,129 | €24,342 | €27,298 | ▲ 12.1% |
| Operating cash flow (approximation) | €27,024 | €35,671 | €41,032 | €57,724 | €24,338 | ▼ 57.8% |
| Investment in fixed assets (approximation) | - | -€1,645 | €0 | -€9,678 | -€33,173 | ▼ 243% |
| Change in cash | - | -€1,897 | €1,631 | €35,857 | -€26,623 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | abbreviated format | 18-09-2023 | 2023-00449785 |
| 31-12-2021 | abbreviated format | 06-09-2022 | 2022-20427491 |
| 31-12-2020 | abbreviated format | 12-11-2021 | 2021-77100308 |
| 31-12-2019 | abbreviated format | 23-12-2020 | 2020-77000083 |
| 31-12-2018 | abbreviated format | 08-11-2019 | 2019-73500548 |
| 31-12-2017 | abbreviated format | 02-10-2018 | 2018-68100141 |
| 31-12-2016 | abbreviated format | 15-01-2018 | 2018-01800394 |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-59200326 |
| 31-12-2014 | abbreviated format | 31-12-2015 | 2015-71200085 |
| 31-12-2011 | abbreviated format | 13-12-2012 | 2012-66800151 |
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Of the 2,359 active companies whose main activity is hotels and similar accommodation (NACE 55100), figures are known for 1,514. 981 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 1 of 4 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2025
10-03
Gazette deed
Appointment: Cliff VANHOOREN (director)Capital conversion · Registered office clause · Amendment of the articles7 facts ▸
Gazette deed
Appointment: Cliff VANHOOREN (director)
Capital conversion · Registered office clause · Amendment of the articles7 facts ▸
- General meeting, 04-12-2024
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director appointment, Cliff VANHOOREN (director)
- Registered office clause, “eenparigheid van stemmen, artikel 2:4 WVV” (deed in Dutch)
- Amendment of the articles
- Power of attorney
- Power of attorney, Hendrik DEBUCQUOY
2023
18-09
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format · 49 days late
2022
31-12
Financial
Weakest financial yearnet -€2,960
Net result drops to -€2,960, the lowest in the series.
06-09
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format · 37 days late
2021
31-12
Financial
Highest result from 2018 to 2022net €33,382 ▲97.5%
Net result €33,382, the highest in the series.
12-11
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format · 104 days late
2020
23-12
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format · 145 days late
2019
08-11
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format · 100 days late
2018
02-10
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format · 63 days late
15-01
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format · 168 days late
2016
31-08
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format · 31 days late
2015
31-12
NBB filing
Annual accounts filed
financial year 2014 · abbreviated format · 153 days late
2012
13-12
NBB filing
Annual accounts filed
financial year 2011 · abbreviated format · 135 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 12 annual accounts filed, the latest 10 are here; all 12 are under Financials.
1 of 4 deeds read
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded09-12-2005
Financial year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0877813277
Also
9925:BE0877813277
Registered
22-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 14 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTellinunit no. 2.214.404.981
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2012
Ground area
1,715 m²
Building footprint
264 m²
Building volume
618 m³
2 parcels, Flanders, Wallonia · tallest building 6.7 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
HOTEL - RESTAURANT LE CATHEDRAL
since 2012unit no. 2.214.404.981
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 84664B0442/00B002 | Wallonia | 1,417 m² | 1 · 131 m² | - |
| 36503C1263/00S009 | Flanders | 297 m² | 1 · 133 m² | 6.7 m · 2 |
How the parcels are linked
Good to know
Both parcels match the address exactly.